Thurston County Chamber Of Commerce
- Assets
- $1.6m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 21
- Location
- Olympia, WA
- Founding
- 08/1942
- Data as of
- 06/2022
- EIN
- 91-0346205
Organization Overview
Thurston County Chamber Of Commerce is located in Olympia, WA. The organization was established in 1942. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Thurston County Chamber Of Commerce employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thurston County Chamber Of Commerce is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Thurston County Chamber Of Commerce generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 7.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MISSION IS BUILDING COMMUNITY PROSPERITY THROUGH A UNIFIED VOICE TO SUPPORT FREE ENTERPRISE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THURSTON CO CHAMBER'S WORKFORCE SOLUTIONS TEAM SERVES ANY BUSINESS WITHIN THE FIVE-COUNTY REGION (THURSTON, MASON, PACIFIC, LEWIS AND GRAYS HARBOR COUNTIES) THAT NEEDS HELP HIRING QUALITY EMPLOYEES, IMPROVING THEIR HIRING PRACTICES, RETAINING QUALITY EMPLOYEES AND DEVELOPING TRAINING PROGRAMS. IN SOME CASES, WE WILL ASSIST BUSINESSES WHO NEED ASSISTANCE LAYING OFF EMPLOYEES. WE ALWAYS BEGIN WITH WHAT WE CALL A 'BUSINESS NEEDS ASSESSMENT'. WHEN WE MEET, WE WILL ASSESS WHAT THE BUSINESS NEEDS ARE AND WE WILL DEVELOP CUSTOMIZED SOLUTIONS TO MEET THOSE NEEDS. BENEFITS 4,000 PEOPLE.
BUSINESS2BUSINESS AND BUSINESS2BUSINESS YOUTH - SERVICES AVAILABLE FOR THURSTON COUNTY BUSINESS. STATE AGENCIES CONTRACT WITH THE CHAMBER TO OPERATE THESE PROGRAMS.
MONTHLY FORUMS: SPEAKERS EVENTS INTENDED TO KEEP MEMBERS INFORMED OF CURRENT EVENTS AFFECTING THE BUSINESS COMMUNITY WITH NETWORKING AND SPOTLIGHT OPPORTUNITIES. MORNING MIXER AND BUSINESS AFTER HOURS ARE HOSTED AT MEMBER'S LOCATION TO HIGHLIGHT THAT BUSINESS. BENEFITS 1,500 PEOPLE.
TCC CONTRACTS (HIRED WORKFORCE SOLUTIONS): INCREASE EMPLOYER KNOWLEDGE OF SUCH ISSUES AS COMPLIANCE WA DEPT OF LABOR AND INDUSTRIES SERVICES, EMPLOYER SAFETY REQUIREMENTS, EMPLOYMENT STANDARDS, CLAIMS HANDLING AND "DOSH" FREE CONSULTATION SERVICES. BENEFITS 2,500 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Lanham Past Chair | OfficerTrustee | 10 | $0 |
Michelle Wickett Chair | OfficerTrustee | 10 | $0 |
Trenton Fluetsch Chair-Elect | OfficerTrustee | 10 | $0 |
Kevin Stormans 2nd Vice Chair | OfficerTrustee | 10 | $0 |
Kim Adney Treasurer | OfficerTrustee | 10 | $0 |
Michael Cade Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $436,972 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,140,837 |
| All other contributions, gifts, grants, and similar amounts not included above | $412,138 |
| Noncash contributions included in lines 1a–1f | $6,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,989,947 |
| Total Program Service Revenue | $478,922 |
| Investment income | $310 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,579,016 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $828,394 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $105,597 |
| Payroll taxes | $90,027 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,910 |
| Advertising and promotion | $0 |
| Office expenses | $26,789 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,710 |
| Travel | $21,721 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,865 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,255 |
| All other expenses | $0 |
| Total functional expenses | $2,137,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $666,336 |
| Savings and temporary cash investments | $399,242 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $381,897 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,608 |
| Net Land, buildings, and equipment | $3,942 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $107,158 |
| Total assets | $1,560,183 |
| Accounts payable and accrued expenses | $193,903 |
| Grants payable | $0 |
| Deferred revenue | $51,705 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $429,017 |
| Total liabilities | $674,625 |
| Net assets without donor restrictions | $885,558 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,560,183 |